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Provincial Budget Impacts for PSD

October 28, 2015 - Parkland School Division's enduring priority of resource stewardship is always top of mind when it comes to all decisions made that contribute to the Division's Ultimate Goal of Student Success and Well-being.  We appreciate that many of our stakeholders are interested in the impact of the recently announced 2015 Provincial Budget on Parkland School’s Division’s operations.

 

Provincial Overview

Under Budget 2015, Education’s support to the Kindergarten to Grade 12 (K-12) system, including opted-out education property taxes and school capital funding, reaches $8.2 billion – a significant investment of $41 million every school day. This includes $6.9 billion in operating support and $1.3 billion in school capital investment.
 
Approximately 98% of Education’s operating budget flows to school authorities so that they can deliver education services to students. The significant investment reflected in government’s fiscal plan will stabilize public services for Education by funding enrolment growth and reversing previous proposed cuts.

Government is committed to providing stable K-12 education funding by funding the projected enrolment growth in all three years of the fiscal plan. This budget also reverses the 3% reduction to school boards from the proposed March 26, 2015 budget.

This is great news for PSD considering our September 30, 2015 projected enrolment numbers.  Total projected enrolment of 10,776 students reflects an increase of 302 students over numbers reported September 30, 2014.   (+2.88%)

In the provincial budget, total school facility funding reaches $1.3 billion in the 2015-16 fiscal year. Of this amount, over $950 million is provided to support the completion of 200 approved school capital projects.  This includes Prescott Learning Centre where construction is well underway.  The Board of Trustees also received full approval for the second new Kindergarten to Grade 9 school to be built in Spruce Grove's west end which is scheduled to be open September 2017.

Budget Impacts on PSD

The government is committed to honour the final year of the collective agreement with the Alberta Teachers’ Association, which called for a 2% salary increase and a 1%, one-time lump sum payment. This equates to approximately $1.23 million for the 2% salary increase and $555,000 for the 1%, one-time payment.

Base instruction receives a 1.8% grant rate increase in the 2015-16 school year, with a provision for growth.
Class size funding (K-3) receives a 2% grant rate increase in the 2015-16 school year.

The 2015-2016 Final budget will be presented for approval by the Board of Trustees at the Regular Board Meeting on November 3, 2015.

For more information contact:

Claire Jonsson
Associate Superintendent, Business & Finance
Email: cjonsson@psd70.ab.ca